https://www.taxtmi.com/caselaws?id=791642 Reassessment proceedings were upheld where the notice recorded prior approval of the specified authority and the record showed initiation within the amended limitation period, so the jurisdictional objection failed. On the disputed purchases, adverse material from investigation and GST authorities indicated accommodation entries and bogus invoices, but the assessee relied on books, stock records, invoices, bank entries and sales evidence. As transportation proof, purchase-to-sale correlation and rebuttal of third-party material remained deficient, the Tribunal held that actual receipt of goods and supplier genuineness required further verification and restored the matter for fresh adjudication. en-us Thu, 07 May 2026 00:00:00 +0530 Thu, 14 May 2026 09:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791642 Reassessment proceedings were upheld where the notice recorded prior approval of the specified authority and the record showed initiation within the amended limitation period, so the jurisdictional objection failed. On the disputed purchases, adverse material from investigation and GST authorities indicated accommodation entries and bogus invoices, but the assessee relied on books, stock records, invoices, bank entries and sales evidence. As transportation proof, purchase-to-sale correlation and rebuttal of third-party material remained deficient, the Tribunal held that actual receipt of goods and supplier genuineness required further verification and restored the matter for fresh adjudication. Case-Laws Income Tax Thu, 07 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791642